How To Be A Millionaire: Thrifty Celebrities Share Secrets

G. Brown

Posted on January 3, 2015 by The Reel Network in Entertainment, Entrepreneurship, I

It’s the New Year resolution we make every January 1st, “I’m going to save more money this year!” And we break every January 2^nd with the first big shoe sale we find.

This year, The Reel Network is here to help you stick to your resolution and your budget with a few tried and true tips from your favorite celebs.

Plan Your Financial Future- Experts say when we write things down, we tend to stick with it. Write out a monthly budget. Include everything from movie money to eating out. Don’t cheat.

Don’t Waste Your Money Eating Out - From a man who knows how to spot a “Gold Digger” and how to hang on to his coin. Kanye was spotted on a flight passing on the in-flight meal and opting for the brown bag lunch he brought from home. Kanye’s leftovers were probably 5-Star cuisine compared to airline food, but the point is to save your money and not dine out as often.

Smart Shop – And while we’re on the topic of food, First Lady Michelle Obama practices a tip she learned from her mom. Plan your meals for the week to save time in the grocery store and money by eating what you buy instead of wasting food you never eat.

Knock Off Looks without the Designer Labels- Yes, we know you want to look good in 2015, but even Supermodel Tyra Banks says she only wears the expensive labels when she’s paid to wear them. Take it from Tyra and head to T J Maxx to get the look without all the expense.

 Live Below Your Means – Just because iPhone 99 hits the market, doesn’t mean you have to ditch the perfectly good Android to get it.

It’s Never too Early (or Late) to Save – JayZ saved $100,000 by the time he was 17 years old. Ok, we know he got the money selling drugs, but even with that lifestyle, he still knew to save money by hiding it in his mattress. Even if it’s only 20 dollars a week, try to save something each pay check. It’ll add up in a year’s time.

Ease into it by picking one to start with and make it a habit. So where are you going to start building your empire?